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PC Connection (CNXN) Financials

PC Connection logo
$66.65 +1.30 (+1.99%)
Closing price 05/8/2026 04:00 PM Eastern
Extended Trading
$66.67 +0.02 (+0.03%)
As of 05/8/2026 05:40 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for PC Connection

Annual Income Statements for PC Connection

This table shows PC Connection's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 47 48 55 65 82 56 70 89 83 87 84
Consolidated Net Income / (Loss)		 47 48 55 65 82 56 70 89 83 87 84
Net Income / (Loss) Continuing Operations		 47 48 55 65 82 56 70 89 83 87 84
Total Pre-Tax Income 		78 80 78 89 113 73 97 122 113 117 114
Total Operating Income		 79 81 78 86 112 72 97 121 103 97 99
Total Gross Profit		 341 371 382 411 451 419 465 526 512 520 539
Total Revenue		 2,574 2,693 2,912 2,699 2,820 2,590 2,893 3,125 2,851 2,802 2,873
Operating Revenue		 2,574 2,693 2,912 2,699 2,820 2,590 2,893 3,125 2,851 2,802 2,873
Total Cost of Revenue		 2,233 2,321 2,530 2,288 2,369 2,171 2,428 2,599 2,339 2,282 2,333
Operating Cost of Revenue		 2,233 2,321 2,530 2,288 2,369 2,171 2,428 2,599 2,339 2,282 2,333
Total Operating Expenses		 262 291 305 325 339 347 368 406 409 423 440
Selling, General & Admin Expense		 262 287 301 324 339 346 368 406 406 422 434
Restructuring Charge		 - 3.41 3.64 0.97 0.70 0.99 0.00 0.00 2.69 0.42 6.01
Total Other Income / (Expense), net		 -0.09 -0.07 0.10 2.98 0.71 1.12 0.01 1.08 9.96 20 14
Interest & Investment Income		 - - - 3.12 - - - 1.08 9.96 19 14
Other Income / (Expense), net		 - -0.07 0.10 0.00 0.71 1.12 0.01 0.00 0.00 1.70 0.08
Income Tax Expense		 32 32 23 24 31 17 27 32 30 30 30
Basic Earnings per Share		 $1.77 $1.81 $2.05 $2.42 $3.12 $2.13 $2.67 $3.40 $3.17 $3.31 $3.28
Weighted Average Basic Shares Outstanding		 26.40M 26.53M 26.77M 26.72M 26.34M 26.16M 26.20M 26.28M 26.29M 26.32M 25.51M
Diluted Earnings per Share		 $1.76 $1.80 $2.04 $2.41 $3.10 $2.12 $2.65 $3.37 $3.15 $3.29 $3.27
Weighted Average Diluted Shares Outstanding		 26.62M 26.72M 26.89M 26.85M 26.51M 26.34M 26.36M 26.44M 26.43M 26.51M 25.63M
Weighted Average Basic & Diluted Shares Outstanding		 26.50M 26.60M 26.80M 26.70M 26.34M 26.17M 26.26M 26.31M 26.36M 26.16M 25.20M

Quarterly Income Statements for PC Connection

This table shows PC Connection's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 26 24 13 26 27 21 13 25 25 21 17
Consolidated Net Income / (Loss)		 26 24 13 26 27 21 13 25 25 21 17
Net Income / (Loss) Continuing Operations		 26 24 13 26 27 21 13 25 25 21 17
Total Pre-Tax Income 		35 32 18 36 37 27 18 34 34 27 24
Total Operating Income		 32 28 13 31 30 23 15 31 30 24 20
Total Gross Profit		 132 130 118 137 135 130 127 138 139 136 133
Total Revenue		 693 696 632 736 725 709 701 760 709 703 722
Operating Revenue		 693 696 632 736 725 709 701 760 709 703 722
Total Cost of Revenue		 561 567 514 600 589 579 574 622 570 567 589
Operating Cost of Revenue		 561 567 514 600 589 579 574 622 570 567 589
Total Operating Expenses		 100 102 105 106 105 107 113 107 108 112 113
Selling, General & Admin Expense		 100 102 105 105 105 107 110 107 108 109 109
Other Operating Expenses / (Income)		 - - 0.00 0.42 0.00 - 2.93 0.00 0.00 - 3.06
Total Other Income / (Expense), net		 2.69 4.11 4.57 4.65 6.54 4.67 3.98 3.22 3.69 3.57 3.36
Interest & Investment Income		 2.69 - 4.57 4.65 4.84 - 3.90 3.22 3.69 3.57 3.36
Other Income / (Expense), net		 0.00 - 0.00 0.00 1.70 - 0.08 0.00 0.00 - 0.00
Income Tax Expense		 9.11 8.28 4.88 9.41 9.52 6.59 5.02 9.32 9.22 6.45 6.37
Basic Earnings per Share		 $0.97 $0.91 $0.50 $0.99 $1.03 $0.79 $0.52 $0.98 $0.98 $0.80 $0.68
Weighted Average Basic Shares Outstanding		 26.26M 26.29M 26.36M 26.35M 26.29M 26.32M 26.08M 25.41M 25.35M 25.51M 25.20M
Diluted Earnings per Share		 $0.97 $0.89 $0.50 $0.99 $1.02 $0.78 $0.51 $0.97 $0.97 $0.82 $0.68
Weighted Average Diluted Shares Outstanding		 26.43M 26.43M 26.53M 26.52M 26.50M 26.51M 26.22M 25.52M 25.49M 25.63M 25.28M
Weighted Average Basic & Diluted Shares Outstanding		 26.27M 26.36M 26.36M 26.29M 26.29M 26.16M 25.40M 25.39M 25.25M 25.20M 25.23M
Cash Dividends to Common per Share		 $0.08 - $0.10 $0.10 $0.10 - $0.15 $0.15 $0.15 - $0.20

Annual Cash Flow Statements for PC Connection

This table details how cash moves in and out of PC Connection's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 19 -31 0.81 42 -1.64 5.60 13 15 22 33 15
Net Cash From Operating Activities		 31 34 19 87 37 36 58 35 198 174 65
Net Cash From Continuing Operating Activities		 31 34 19 87 37 36 58 35 198 174 65
Net Income / (Loss) Continuing Operations		 47 48 55 65 82 56 70 89 83 87 84
Consolidated Net Income / (Loss)		 47 48 55 65 82 56 70 89 83 87 84
Depreciation Expense		 8.96 10 12 14 13 14 12 12 13 13 12
Amortization Expense		 - - - - - - 0.00 0.00 -1.52 -4.24 0.57
Non-Cash Adjustments To Reconcile Net Income		 1.58 0.99 2.42 2.81 2.10 4.95 7.50 8.94 9.44 10 11
Changes in Operating Assets and Liabilities, net		 -27 -26 -50 5.37 -61 -38 -32 -75 94 68 -42
Net Cash From Investing Activities		 -13 -55 -12 -21 -26 -11 -8.73 -9.08 -160 -115 43
Net Cash From Continuing Investing Activities		 -13 -55 -12 -21 -26 -11 -8.73 -9.08 -160 -115 43
Purchase of Property, Plant & Equipment		 -12 -12 -12 -21 -26 -11 -10 -9.08 -9.60 -7.58 -7.39
Purchase of Investments		 - - - - - - 0.00 0.00 -151 -358 -264
Sale and/or Maturity of Investments		 - - - - - - - 0.00 0.00 251 314
Net Cash From Financing Activities		 1.20 -9.72 -6.71 -24 -13 -19 -36 -11 -16 -25 -93
Net Cash From Continuing Financing Activities		 1.20 -9.72 -6.71 -24 -13 -19 -36 -11 -16 -25 -93
Repayment of Debt		 - - - -0.86 - 0.00 0.00 -36 -88 -26 -0.73
Repurchase of Common Equity		 - - - -15 -4.48 -10 0.00 0.00 -5.39 -12 -76
Payment of Dividends		 - -11 -9.04 -9.12 -8.45 -8.43 -35 -8.95 -8.41 -11 -15
Issuance of Debt		 - - - 0.86 - 0.00 0.00 36 88 26 0.73
Issuance of Common Equity		 0.88 0.96 1.20 1.25 1.25 0.54 0.00 0.00 1.09 1.11 1.23
Other Financing Activities, net		 0.33 -0.09 1.14 -0.64 -0.91 -1.36 -1.77 -2.24 -3.02 -3.42 -3.04
Cash Income Taxes Paid		 30 30 29 20 28 19 21 34 42 29 30

Quarterly Cash Flow Statements for PC Connection

This table details how cash moves in and out of PC Connection's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -3.47 -96 2.63 -19 39 11 4.14 4.29 1.10 5.38 3.04
Net Cash From Operating Activities		 50 12 57 38 53 25 -52 26 64 27 14
Net Cash From Continuing Operating Activities		 50 12 57 38 53 25 -52 26 64 27 14
Net Income / (Loss) Continuing Operations		 26 24 13 26 27 21 13 25 25 21 17
Consolidated Net Income / (Loss)		 26 24 13 26 27 21 13 25 25 21 17
Depreciation Expense		 3.29 3.20 3.27 3.27 3.28 3.17 3.10 2.87 2.89 2.85 2.80
Amortization Expense		 - -1.52 -2.32 -3.27 1.19 0.17 -0.05 -1.63 0.06 2.18 -0.89
Non-Cash Adjustments To Reconcile Net Income		 2.44 1.64 2.24 2.40 2.43 3.37 2.54 3.13 2.62 2.88 2.93
Changes in Operating Assets and Liabilities, net		 19 -15 41 9.82 19 -2.18 -71 -2.90 34 -1.21 -7.79
Net Cash From Investing Activities		 -51 -104 -52 -52 -6.26 -5.60 105 -1.62 -54 -6.48 -3.04
Net Cash From Continuing Investing Activities		 -51 -104 -52 -52 -6.26 -5.60 105 -1.62 -54 -6.48 -3.04
Purchase of Property, Plant & Equipment		 -2.50 -2.24 -1.61 -1.82 -1.79 -2.36 -1.71 -1.62 -1.87 -2.19 -1.98
Purchase of Investments		 -49 -102 -100 -103 -52 -103 -52 - -103 -109 -54
Sale and/or Maturity of Investments		 - - 50 53 47 100 159 - 51 104 53
Net Cash From Financing Activities		 -2.50 -3.70 -3.05 -5.94 -7.39 -8.84 -48 -20 -9.29 -16 -8.19
Net Cash From Continuing Financing Activities		 -2.50 -3.70 -3.05 -5.94 -7.39 -8.84 -48 -20 -9.29 -16 -8.19
Repayment of Debt		 -2.98 -17 -8.35 -2.21 -15 -0.85 -0.73 - - - 0.00
Repurchase of Common Equity		 - - -0.19 -3.43 -4.12 -4.64 -44 -17 -5.07 -11 -2.48
Payment of Dividends		 -2.10 -2.10 -2.64 -2.64 -2.63 -2.63 -3.91 -3.81 -3.80 -3.78 -5.04
Issuance of Debt		 2.98 17 8.35 2.21 15 0.85 0.73 - - - 0.00
Other Financing Activities, net		 -0.40 -2.15 -0.23 -0.41 -0.64 -2.14 -0.52 -0.44 -0.43 -1.66 -0.67
Cash Income Taxes Paid		 6.84 7.42 0.64 17 6.59 4.76 3.06 15 6.67 4.87 0.74

Annual Balance Sheets for PC Connection

This table presents PC Connection's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 639 686 567 805 937 1,015 1,083 1,100 1,188 1,299 1,351
Total Current Assets		 553 559 566 669 776 859 932 954 1,049 1,167 1,221
Cash & Equivalents		 80 49 - 92 90 96 108 123 145 178 193
Short-Term Investments		 - - - - - - - 0.00 152 264 213
Accounts Receivable		 356 412 464 448 550 611 608 610 607 611 648
Inventories, net		 103 91 96 119 125 141 207 209 124 95 144
Prepaid Expenses		 4.25 5.45 5.61 9.66 11 11 10 12 16 18 23
Plant, Property, & Equipment, net		 32 39 0.00 52 64 62 61 59 57 53 47
Total Noncurrent Assets		 54 88 1.72 84 97 95 90 87 83 80 83
Goodwill		 51 74 - 74 74 74 74 74 74 74 74
Intangible Assets		 1.67 13 - 9.56 8.31 7.09 5.87 4.65 3.43 2.21 0.99
Other Noncurrent Operating Assets		 1.05 1.37 1.72 1.21 15 14 10 8.61 6.05 4.17 8.55
Total Liabilities & Shareholders' Equity		 639 686 649 805 937 1,015 1,083 1,100 1,188 1,299 1,351
Total Liabilities		 247 253 264 279 340 379 401 334 348 388 441
Total Current Liabilities		 222 230 248 260 309 342 375 311 328 371 420
Accounts Payable		 167 178 194 202 236 267 282 233 264 300 338
Accrued Expenses		 36 31 31 34 45 58 62 54 44 48 51
Current Employee Benefit Liabilities		 19 21 23 24 28 18 31 24 20 23 31
Total Noncurrent Liabilities		 25 22 16 20 31 37 26 23 20 17 20
Noncurrent Deferred & Payable Income Tax Liabilities		 22 20 16 17 20 19 19 18 16 15 20
Other Noncurrent Operating Liabilities		 3.01 2.84 - 2.47 11 18 7.00 5.16 3.81 2.07 0.50
Total Equity & Noncontrolling Interests		 392 433 385 526 597 636 682 766 841 911 910
Total Preferred & Common Equity		 392 433 385 526 597 636 682 766 841 911 910
Total Common Equity		 392 433 385 526 597 636 682 766 841 911 910
Common Stock		 109 111 - 116 118 120 123 126 131 137 145
Retained Earnings		 299 338 385 441 515 562 606 686 761 837 906
Treasury Stock		 -16 -16 - -31 -36 -46 -46 -46 -51 -64 -141
Accumulated Other Comprehensive Income / (Loss)		 - - - - - - - 0.00 0.08 0.17 0.08

Quarterly Balance Sheets for PC Connection

This table presents PC Connection's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,134 1,118 1,164 1,181 1,161 1,283 1,286 1,248 1,269 1,306 1,425
Total Current Assets		 986 974 1,022 1,041 1,023 1,148 1,152 1,117 1,139 1,174 1,291
Cash & Equivalents		 116 135 244 241 148 128 168 182 187 188 196
Short-Term Investments		 - - - 49 204 258 262 158 159 211 215
Accounts Receivable		 647 622 593 588 527 599 585 604 637 617 661
Inventories, net		 213 199 160 142 124 137 114 152 133 135 194
Prepaid Expenses		 10 18 17 14 17 17 17 20 22 23 23
Plant, Property, & Equipment, net		 60 58 58 58 56 54 53 52 48 48 47
Total Noncurrent Assets		 88 86 84 83 82 82 81 79 82 83 88
Goodwill		 74 74 74 74 74 74 74 74 74 74 74
Intangible Assets		 4.95 4.34 4.04 3.73 3.12 2.82 2.51 1.90 1.60 1.29 0.68
Other Noncurrent Operating Assets		 9.40 7.62 0.92 0.82 5.45 5.18 4.65 3.82 6.74 8.48 14
Total Liabilities & Shareholders' Equity		 1,134 1,118 1,164 1,181 1,161 1,283 1,286 1,248 1,269 1,306 1,425
Total Liabilities		 378 342 370 362 308 409 388 371 384 403 503
Total Current Liabilities		 353 318 347 340 290 389 367 354 368 384 477
Accounts Payable		 259 239 277 265 219 317 293 274 304 313 396
Accrued Expenses		 63 55 50 49 48 49 46 52 41 41 53
Current Employee Benefit Liabilities		 31 24 20 26 23 23 28 28 23 30 28
Total Noncurrent Liabilities		 25 23 23 22 19 20 21 17 16 19 26
Noncurrent Deferred & Payable Income Tax Liabilities		 19 18 18 18 16 17 18 15 15 18 20
Other Noncurrent Operating Liabilities		 5.82 5.30 0.68 0.65 2.78 2.50 2.55 1.58 1.15 0.44 6.43
Total Equity & Noncontrolling Interests		 756 776 794 819 853 875 897 877 885 903 922
Total Preferred & Common Equity		 756 776 794 819 853 875 897 877 885 903 922
Total Common Equity		 756 776 794 819 853 875 897 877 885 903 922
Common Stock		 126 128 130 131 133 135 137 139 142 144 147
Retained Earnings		 676 698 716 739 771 795 819 847 868 889 918
Treasury Stock		 -46 -49 -51 -51 -52 -55 -59 -109 -125 -130 -143
Accumulated Other Comprehensive Income / (Loss)		 - - - 0.15 -0.06 -0.10 0.48 0.06 -0.05 0.09 -0.09

Annual Metrics And Ratios for PC Connection

This table displays calculated financial ratios and metrics derived from PC Connection's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 4.49% 4.61% 8.14% -7.29% 4.47% -8.15% 11.67% 8.03% -8.78% -1.70% 2.52%
EBITDA Growth		 10.02% 3.87% -1.59% 11.50% 26.31% -31.11% 25.26% 21.90% -13.77% -5.93% 3.83%
EBIT Growth		 9.94% 2.42% -3.52% 10.38% 31.50% -35.04% 31.87% 24.90% -14.43% -4.26% 0.60%
NOPAT Growth		 9.70% 2.71% 13.78% 13.94% 30.72% -32.70% 27.30% 26.50% -14.12% -5.25% 1.58%
Net Income Growth		 9.71% 2.74% 14.02% 17.75% 27.12% -32.09% 25.36% 27.63% -6.67% 4.59% -3.87%
EPS Growth		 9.32% 2.27% 13.33% 18.14% 28.63% -31.61% 25.00% 27.17% -6.53% 4.44% -0.61%
Operating Cash Flow Growth		 -12.81% 8.83% -42.48% 349.48% -57.85% -1.38% 59.99% -39.59% 467.38% -12.17% -62.36%
Free Cash Flow Firm Growth		 2.97% -186.05% 668.79% -150.41% 112.50% 151.53% 69.43% -46.88% 807.85% -16.20% -74.17%
Invested Capital Growth		 6.54% 23.06% -21.04% 43.11% 16.82% 6.59% 6.19% 12.03% -15.49% -13.83% 7.49%
Revenue Q/Q Growth		 2.13% 1.94% 0.93% -1.92% 0.25% -1.56% 4.50% -2.12% -1.25% 0.45% -0.21%
EBITDA Q/Q Growth		 3.64% -0.52% 0.38% 5.20% 2.79% -9.00% 10.43% -5.54% 2.45% -1.78% 2.44%
EBIT Q/Q Growth		 3.70% -1.30% 0.12% 5.44% 3.67% -10.65% 12.21% -6.01% 4.07% -3.52% 0.97%
NOPAT Q/Q Growth		 3.70% -1.27% 16.25% -1.90% 2.96% -10.25% 10.89% -4.46% 3.43% -4.70% 1.10%
Net Income Q/Q Growth		 3.70% -1.26% 16.39% 0.90% 0.82% -9.23% 9.54% -3.84% 6.33% -3.39% -0.01%
EPS Q/Q Growth		 3.53% -1.64% 15.91% 1.69% 0.98% -8.62% 8.61% -3.99% 6.42% -3.24% 1.24%
Operating Cash Flow Q/Q Growth		 -3.01% -25.92% -12.84% 20.26% -19.74% -16.01% 4,036.88% -46.00% -3.37% 8.05% 3.43%
Free Cash Flow Firm Q/Q Growth		 47.76% -1,706.22% 9,337.05% -236.16% -45.21% -16.08% 376.28% -60.59% -2.41% 4.63% 2.74%
Invested Capital Q/Q Growth		 0.15% 6.18% -25.56% 3.14% 4.66% 3.93% -3.74% 0.52% 1.91% 0.03% -0.02%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 13.25% 13.78% 13.12% 15.23% 16.00% 16.17% 16.06% 16.84% 17.95% 18.55% 18.77%
EBITDA Margin		 3.40% 3.38% 3.07% 3.70% 4.47% 3.35% 3.76% 4.24% 4.01% 3.84% 3.89%
Operating Margin		 3.05% 2.99% 2.66% 3.17% 3.97% 2.78% 3.34% 3.86% 3.62% 3.46% 3.46%
EBIT Margin		 3.05% 2.99% 2.67% 3.17% 4.00% 2.83% 3.34% 3.86% 3.62% 3.52% 3.46%
Profit (Net Income) Margin		 1.82% 1.79% 1.88% 2.39% 2.91% 2.15% 2.42% 2.86% 2.92% 3.11% 2.91%
Tax Burden Percent		 59.68% 59.80% 70.67% 72.85% 72.87% 76.19% 72.42% 73.35% 73.62% 74.13% 73.62%
Interest Burden Percent		 99.89% 100.00% 100.00% 103.48% 100.00% 100.00% 100.00% 100.90% 109.66% 118.96% 114.46%
Effective Tax Rate		 40.32% 40.20% 29.33% 27.15% 27.13% 23.81% 27.58% 26.65% 26.38% 25.87% 26.38%
Return on Invested Capital (ROIC)		 15.49% 13.83% 15.93% 16.93% 17.33% 10.48% 12.54% 14.53% 12.80% 14.22% 15.04%
ROIC Less NNEP Spread (ROIC-NNEP)		 15.56% 13.89% 15.83% 14.42% 16.77% 9.56% 12.54% 13.84% 9.31% 10.13% 12.54%
Return on Net Nonoperating Assets (RNNOA)		 -2.94% -2.18% -2.53% -2.74% -2.71% -1.44% -1.94% -2.21% -2.43% -4.28% -5.85%
Return on Equity (ROE)		 12.55% 11.65% 13.41% 14.18% 14.62% 9.04% 10.60% 12.32% 10.36% 9.94% 9.19%
Cash Return on Invested Capital (CROIC)		 9.16% -6.85% 39.45% -18.54% 1.82% 4.10% 6.53% 3.18% 29.59% 29.08% 7.82%
Operating Return on Assets (OROA)		 13.33% 12.14% 12.38% 12.48% 12.93% 7.50% 9.20% 11.04% 9.02% 7.94% 7.50%
Return on Assets (ROA)		 7.94% 7.26% 8.75% 9.41% 9.42% 5.71% 6.66% 8.17% 7.28% 7.00% 6.32%
Return on Common Equity (ROCE)		 12.55% 11.65% 13.41% 14.18% 14.62% 9.04% 10.60% 12.32% 10.36% 9.94% 9.19%
Return on Equity Simple (ROE_SIMPLE)		 11.93% 11.10% 14.25% 12.28% 13.75% 8.76% 10.24% 11.64% 9.90% 9.56% 0.00%
Net Operating Profit after Tax (NOPAT)		 47 48 55 62 82 55 70 88 76 72 73
NOPAT Margin		 1.82% 1.79% 1.88% 2.31% 2.89% 2.12% 2.42% 2.83% 2.66% 2.57% 2.54%
Net Nonoperating Expense Percent (NNEP)		 -0.07% -0.06% 0.11% 2.51% 0.57% 0.92% 0.00% 0.69% 3.49% 4.09% 2.50%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 11.54% 9.03% 7.90% 8.03%
Cost of Revenue to Revenue		 86.75% 86.22% 86.88% 84.77% 84.00% 83.83% 83.94% 83.16% 82.05% 81.45% 81.23%
SG&A Expenses to Revenue		 10.20% 10.67% 10.33% 12.02% 12.01% 13.35% 12.72% 12.98% 14.24% 15.07% 15.11%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 10.20% 10.79% 10.46% 12.05% 12.03% 13.39% 12.72% 12.98% 14.33% 15.09% 15.32%
Earnings before Interest and Taxes (EBIT)		 79 80 78 86 113 73 97 121 103 99 99
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 88 91 89 100 126 87 109 133 114 108 112
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.40 1.60 1.72 1.44 2.09 1.86 1.63 1.59 2.09 2.00 1.60
Price to Tangible Book Value (P/TBV)		 1.62 2.00 1.72 1.71 2.43 2.13 1.84 1.77 2.30 2.18 1.74
Price to Revenue (P/Rev)		 0.21 0.26 0.23 0.28 0.44 0.46 0.38 0.39 0.62 0.65 0.51
Price to Earnings (P/E)		 11.73 14.40 12.05 11.70 15.23 21.24 15.89 13.65 21.08 20.91 17.36
Dividend Yield		 1.93% 1.30% 1.38% 1.13% 0.67% 0.00% 3.11% 0.73% 0.99% 0.58% 1.04%
Earnings Yield		 8.52% 6.94% 8.30% 8.55% 6.57% 4.71% 6.29% 7.33% 4.74% 4.78% 5.76%
Enterprise Value to Invested Capital (EV/IC)		 1.50 1.68 2.18 1.53 2.29 2.01 1.75 1.70 2.68 2.94 2.08
Enterprise Value to Revenue (EV/Rev)		 0.18 0.24 0.23 0.25 0.41 0.42 0.35 0.35 0.51 0.49 0.36
Enterprise Value to EBITDA (EV/EBITDA)		 5.36 7.08 7.39 6.66 9.21 12.55 9.22 8.26 12.76 12.82 9.38
Enterprise Value to EBIT (EV/EBIT)		 5.97 8.00 8.52 7.75 10.30 14.88 10.39 9.08 14.14 13.96 10.54
Enterprise Value to NOPAT (EV/NOPAT)		 10.01 13.37 12.07 10.64 14.22 19.83 14.35 12.38 19.20 19.16 14.32
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.20 19.17 34.22 7.65 31.71 30.17 17.36 31.38 7.37 7.93 16.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 16.93 0.00 4.87 0.00 135.85 50.67 27.54 56.59 8.30 9.37 27.54
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.19 -0.16 -0.16 -0.19 -0.16 -0.15 -0.15 -0.16 -0.26 -0.42 -0.47
Leverage Ratio		 1.58 1.60 1.53 1.51 1.55 1.58 1.59 1.51 1.42 1.42 1.46
Compound Leverage Factor		 1.58 1.60 1.53 1.56 1.55 1.58 1.59 1.52 1.56 1.69 1.67
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 7.05 7.22 8.71 6.70 6.98 6.05 6.03 6.97 7.34 6.86 6.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.49 2.43 2.28 2.58 2.51 2.51 2.49 3.07 3.20 3.14 2.90
Quick Ratio		 1.97 2.00 1.87 2.08 2.07 2.06 1.91 2.36 2.76 2.84 2.51
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 28 -24 136 -68 8.54 21 36 19 176 147 38
Operating Cash Flow to CapEx		 250.16% 282.59% 163.69% 408.89% 142.67% 327.18% 564.39% 384.37% 2,063.10% 2,295.29% 885.61%
Free Cash Flow to Firm to Interest Expense		 318.56 0.00 0.00 -471.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 354.74 0.00 0.00 598.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 212.93 0.00 0.00 452.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 4.37 4.06 4.65 3.93 3.24 2.65 2.76 2.86 2.49 2.25 2.17
Accounts Receivable Turnover		 7.93 7.01 6.65 5.92 5.66 4.46 4.75 5.13 4.68 4.60 4.56
Inventory Turnover		 23.06 24.02 27.14 21.28 19.43 16.36 13.98 12.52 14.05 20.82 19.56
Fixed Asset Turnover		 85.67 75.18 0.00 0.00 48.61 41.19 47.21 52.00 49.22 51.33 57.78
Accounts Payable Turnover		 15.33 13.48 13.60 11.56 10.83 8.64 8.85 10.10 9.43 8.09 7.31
Days Sales Outstanding (DSO)		 46.03 52.06 54.91 61.65 64.54 81.77 76.88 71.12 77.92 79.34 80.01
Days Inventory Outstanding (DIO)		 15.83 15.20 13.45 17.15 18.79 22.32 26.11 29.16 25.97 17.53 18.66
Days Payable Outstanding (DPO)		 23.82 27.07 26.84 31.57 33.69 42.23 41.24 36.13 38.73 45.09 49.93
Cash Conversion Cycle (CCC)		 38.04 40.18 41.52 47.24 49.64 61.86 61.75 64.15 65.17 51.78 48.74
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 312 384 303 434 507 541 574 643 544 468 503
Invested Capital Turnover		 8.50 7.73 8.47 7.32 5.99 4.94 5.19 5.13 4.80 5.54 5.91
Increase / (Decrease) in Invested Capital		 19 72 -81 131 73 33 33 69 -100 -75 35
Enterprise Value (EV)		 469 644 661 664 1,161 1,089 1,003 1,095 1,458 1,378 1,047
Market Capitalization		 549 693 661 756 1,251 1,185 1,111 1,218 1,755 1,821 1,454
Book Value per Share		 $14.84 $16.32 $14.35 $19.67 $22.70 $24.31 $26.04 $29.15 $32.00 $34.65 $36.05
Tangible Book Value per Share		 $12.84 $13.07 $14.35 $16.56 $19.59 $21.23 $23.01 $26.17 $29.07 $31.77 $33.10
Total Capital		 392 433 385 526 597 636 682 766 841 911 910
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -80 -49 0.00 -92 -90 -96 -108 -123 -297 -443 -407
Capital Expenditures (CapEx)		 12 12 12 21 26 11 10 9.08 9.60 7.58 7.39
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 251 280 318 318 377 421 449 520 423 353 394
Debt-free Net Working Capital (DFNWC)		 331 329 318 409 467 517 558 643 721 796 800
Net Working Capital (NWC)		 331 329 318 409 467 517 558 643 721 796 800
Net Nonoperating Expense (NNE)		 0.05 0.04 -0.07 -2.17 -0.52 -0.85 -0.00 -0.79 -7.33 -15 -11
Net Nonoperating Obligations (NNO)		 -80 -49 -81 -92 -90 -96 -108 -123 -297 -443 -407
Total Depreciation and Amortization (D&A)		 8.96 10 12 14 13 14 12 12 11 8.75 12
Debt-free, Cash-free Net Working Capital to Revenue		 9.74% 10.39% 10.91% 11.77% 13.38% 16.26% 15.54% 16.65% 14.86% 12.60% 13.71%
Debt-free Net Working Capital to Revenue		 12.85% 12.22% 10.91% 15.17% 16.58% 19.95% 19.28% 20.58% 25.28% 28.39% 27.86%
Net Working Capital to Revenue		 12.85% 12.22% 10.91% 15.17% 16.58% 19.95% 19.28% 20.58% 25.28% 28.39% 27.86%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.77 $1.81 $2.05 $2.42 $3.12 $2.13 $2.67 $3.40 $3.17 $3.31 $3.28
Adjusted Weighted Average Basic Shares Outstanding		 26.40M 26.53M 26.77M 26.72M 26.34M 26.16M 26.20M 26.28M 26.29M 26.32M 25.51M
Adjusted Diluted Earnings per Share		 $1.76 $1.80 $2.04 $2.41 $3.10 $2.12 $2.65 $3.37 $3.15 $3.29 $3.27
Adjusted Weighted Average Diluted Shares Outstanding		 26.62M 26.72M 26.89M 26.85M 26.51M 26.34M 26.36M 26.44M 26.43M 26.51M 25.63M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 26.50M 26.72M 26.85M 26.40M 26.34M 26.17M 26.26M 26.31M 26.36M 26.16M 25.20M
Normalized Net Operating Profit after Tax (NOPAT)		 47 50 57 63 82 56 70 88 78 72 78
Normalized NOPAT Margin		 1.82% 1.86% 1.97% 2.34% 2.91% 2.15% 2.42% 2.83% 2.73% 2.58% 2.70%
Pre Tax Income Margin		 3.05% 2.99% 2.67% 3.28% 4.00% 2.83% 3.34% 3.89% 3.97% 4.19% 3.96%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 902.92 0.00 0.00 590.94 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 538.84 0.00 0.00 430.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 761.11 0.00 0.00 444.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 397.03 0.00 0.00 284.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 22.01% 16.48% 14.12% 10.29% 15.11% 49.49% 10.03% 10.10% 12.09% 18.27%
Augmented Payout Ratio		 0.00% 22.01% 16.48% 37.93% 15.75% 33.44% 49.49% 10.03% 16.57% 26.30% 109.37%

Quarterly Metrics And Ratios for PC Connection

This table displays calculated financial ratios and metrics derived from PC Connection's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 25,198,472.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 25,198,472.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.68
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -10.65% -4.91% -13.13% 0.40% 4.56% 1.78% 10.92% 3.15% -2.16% -0.84% 2.97%
EBITDA Growth		 0.70% 11.49% -32.02% 9.79% 2.55% -12.32% 22.53% 3.92% -8.28% 10.23% 25.39%
EBIT Growth		 -0.08% 18.46% -25.68% 23.33% -0.88% -18.99% 8.42% -0.07% -4.65% 4.24% 38.55%
NOPAT Growth		 2.75% 13.63% -25.91% 24.09% -5.90% -17.13% 7.75% -1.27% -0.77% 4.76% 39.53%
Net Income Growth		 10.31% 26.32% -7.35% 32.82% 5.71% -12.86% 2.49% -5.24% -8.57% -0.04% 27.76%
EPS Growth		 10.23% 27.14% -7.41% 32.00% 5.15% -12.36% 2.00% -2.02% -4.90% 5.13% 33.33%
Operating Cash Flow Growth		 108.52% -35.99% 193.69% -66.89% 5.42% 105.45% -191.45% -31.60% 21.16% 8.59% 127.23%
Free Cash Flow Firm Growth		 735.12% 336.80% 1,461.32% -13.00% -32.86% -23.27% -116.81% -130.87% -115.16% -118.49% 262.44%
Invested Capital Growth		 -16.65% -15.49% -21.97% -11.76% -12.21% -13.83% 7.18% 10.14% 7.54% 7.49% -4.92%
Revenue Q/Q Growth		 -5.52% 0.49% -9.25% 16.53% -1.60% -2.18% -1.11% 8.37% -6.66% -0.86% 2.69%
EBITDA Q/Q Growth		 25.37% -16.12% -53.74% 114.65% 17.10% -28.28% -32.03% 82.05% 3.35% -13.81% -22.69%
EBIT Q/Q Growth		 27.73% -12.74% -51.82% 129.64% 2.66% -28.68% -35.52% 111.65% -2.04% -22.03% -14.29%
NOPAT Q/Q Growth		 28.86% -12.23% -52.61% 131.53% -2.28% -22.71% -38.38% 112.14% -1.78% -18.40% -17.93%
Net Income Q/Q Growth		 29.96% -7.11% -44.68% 98.88% 3.43% -23.42% -34.94% 83.88% -0.20% -16.28% -16.85%
EPS Q/Q Growth		 29.33% -8.25% -43.82% 98.00% 3.03% -23.53% -34.62% 90.20% 0.00% -15.46% -17.07%
Operating Cash Flow Q/Q Growth		 -56.68% -75.53% 366.15% -32.98% 37.91% -52.31% -307.49% 150.12% 144.30% -57.26% -47.96%
Free Cash Flow Firm Q/Q Growth		 28.72% -7.49% 25.24% -41.67% -0.66% 5.73% -127.44% -7.11% 51.22% -28.99% 341.04%
Invested Capital Q/Q Growth		 -3.78% 1.91% -7.89% -2.32% -4.27% 0.03% 14.58% 0.39% -6.53% -0.02% 1.35%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 19.03% 18.63% 18.68% 18.54% 18.68% 18.31% 18.16% 18.13% 19.55% 19.29% 18.39%
EBITDA Margin		 5.09% 4.25% 2.28% 4.20% 5.00% 3.66% 2.52% 4.23% 4.68% 4.07% 3.07%
Operating Margin		 4.62% 4.01% 2.13% 4.20% 4.15% 3.19% 2.07% 4.07% 4.27% 3.36% 2.80%
EBIT Margin		 4.62% 4.01% 2.13% 4.20% 4.38% 3.19% 2.08% 4.07% 4.27% 3.36% 2.80%
Profit (Net Income) Margin		 3.69% 3.41% 2.08% 3.55% 3.73% 2.92% 1.92% 3.26% 3.49% 2.95% 2.39%
Tax Burden Percent		 73.75% 74.18% 72.95% 73.55% 73.98% 75.87% 72.88% 72.67% 72.86% 76.25% 73.02%
Interest Burden Percent		 108.39% 114.72% 133.92% 115.04% 115.24% 120.64% 126.72% 110.41% 112.19% 115.11% 116.63%
Effective Tax Rate		 26.25% 25.82% 27.05% 26.45% 26.02% 24.13% 27.12% 27.33% 27.14% 23.75% 26.98%
Return on Invested Capital (ROIC)		 16.77% 14.30% 7.50% 16.32% 17.08% 13.42% 8.36% 16.64% 18.43% 15.13% 11.31%
ROIC Less NNEP Spread (ROIC-NNEP)		 15.78% 12.84% 6.13% 15.23% 15.73% 12.46% 7.52% 16.01% 17.78% 14.49% 10.66%
Return on Net Nonoperating Assets (RNNOA)		 -4.03% -3.36% -1.83% -5.71% -6.55% -5.26% -3.01% -6.66% -8.18% -6.76% -4.45%
Return on Equity (ROE)		 12.74% 10.94% 5.67% 10.62% 10.53% 8.16% 5.35% 9.99% 10.25% 8.37% 6.86%
Cash Return on Invested Capital (CROIC)		 30.67% 29.59% 37.37% 27.24% 28.08% 29.08% 7.09% 4.45% 7.61% 7.82% 19.81%
Operating Return on Assets (OROA)		 11.52% 10.00% 5.15% 9.46% 9.90% 7.19% 4.96% 9.22% 9.48% 7.28% 6.07%
Return on Assets (ROA)		 9.21% 8.51% 5.03% 8.00% 8.44% 6.58% 4.58% 7.40% 7.75% 6.39% 5.17%
Return on Common Equity (ROCE)		 12.74% 10.94% 5.67% 10.62% 10.53% 8.16% 5.35% 9.99% 10.25% 8.37% 6.86%
Return on Equity Simple (ROE_SIMPLE)		 9.56% 0.00% 9.64% 10.14% 10.05% 0.00% 9.97% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 24 21 9.82 23 22 17 11 22 22 18 15
NOPAT Margin		 3.41% 2.98% 1.55% 3.09% 3.07% 2.42% 1.51% 2.96% 3.11% 2.56% 2.05%
Net Nonoperating Expense Percent (NNEP)		 0.99% 1.45% 1.37% 1.09% 1.35% 0.96% 0.84% 0.64% 0.65% 0.64% 0.65%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.47% - - - 1.89% 1.21% 2.54% 2.44% 1.98% 1.60%
Cost of Revenue to Revenue		 80.97% 81.37% 81.32% 81.46% 81.32% 81.69% 81.84% 81.87% 80.45% 80.71% 81.61%
SG&A Expenses to Revenue		 14.40% 14.62% 16.55% 14.29% 14.54% 15.11% 15.67% 14.07% 15.28% 15.50% 15.16%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 14.41% 14.62% 16.55% 14.34% 14.54% 15.11% 16.09% 14.07% 15.28% 15.93% 15.59%
Earnings before Interest and Taxes (EBIT)		 32 28 13 31 32 23 15 31 30 24 20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 35 30 14 31 36 26 18 32 33 29 22
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.70 2.09 2.03 1.93 2.21 2.00 1.86 1.89 1.74 1.60 1.60
Price to Tangible Book Value (P/TBV)		 1.88 2.30 2.23 2.12 2.42 2.18 2.04 2.06 1.90 1.74 1.74
Price to Revenue (P/Rev)		 0.48 0.62 0.63 0.61 0.71 0.65 0.57 0.58 0.55 0.51 0.51
Price to Earnings (P/E)		 17.79 21.08 21.07 19.06 22.00 20.91 18.68 19.41 18.80 17.36 16.84
Dividend Yield		 1.09% 0.99% 0.52% 0.56% 0.50% 0.58% 0.72% 0.76% 0.89% 1.04% 1.37%
Earnings Yield		 5.62% 4.74% 4.75% 5.25% 4.55% 4.78% 5.35% 5.15% 5.32% 5.76% 5.94%
Enterprise Value to Invested Capital (EV/IC)		 2.08 2.68 2.76 2.67 3.32 2.94 2.41 2.46 2.33 2.08 2.08
Enterprise Value to Revenue (EV/Rev)		 0.38 0.51 0.50 0.47 0.56 0.49 0.45 0.46 0.41 0.36 0.37
Enterprise Value to EBITDA (EV/EBITDA)		 9.93 12.76 12.84 11.83 14.20 12.82 11.67 11.83 10.78 9.38 9.14
Enterprise Value to EBIT (EV/EBIT)		 11.17 14.14 14.02 12.50 15.18 13.96 12.94 13.26 11.94 10.54 10.11
Enterprise Value to NOPAT (EV/NOPAT)		 15.09 19.20 19.05 16.96 20.59 19.16 17.77 18.28 16.25 14.32 13.74
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.41 7.37 5.86 8.24 9.66 7.93 20.13 25.44 18.57 16.00 8.04
Enterprise Value to Free Cash Flow (EV/FCFF)		 6.16 8.30 6.47 9.18 11.05 9.37 35.13 57.95 31.75 27.54 10.24
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.26 -0.26 -0.30 -0.37 -0.42 -0.42 -0.40 -0.42 -0.46 -0.47 -0.42
Leverage Ratio		 1.47 1.42 1.40 1.47 1.44 1.42 1.39 1.45 1.44 1.46 1.49
Compound Leverage Factor		 1.59 1.63 1.87 1.69 1.66 1.71 1.76 1.60 1.62 1.68 1.73
Debt to Total Capital		 0.44% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.44% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 99.56% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 -2.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 -3.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 6.43 7.13 7.47 6.29 6.94 6.66 6.67 6.65 6.31 5.81 5.42
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.06 3.20 3.53 2.95 3.13 3.14 3.16 3.09 3.06 2.90 2.70
Quick Ratio		 2.58 2.76 3.03 2.53 2.76 2.84 2.67 2.67 2.65 2.51 2.25
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 130 120 151 88 87 92 -25 -27 -13 -17 41
Operating Cash Flow to CapEx		 2,012.83% 548.62% 3,562.50% 2,110.56% 2,961.07% 1,069.83% -3,061.78% 1,620.86% 3,430.43% 1,253.11% 719.10%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.49 2.49 2.42 2.25 2.26 2.25 2.38 2.27 2.22 2.17 2.17
Accounts Receivable Turnover		 4.68 4.68 4.80 4.63 4.76 4.60 5.08 4.68 4.79 4.56 4.57
Inventory Turnover		 13.39 14.05 13.91 15.13 17.74 20.82 16.99 17.51 18.86 19.56 13.57
Fixed Asset Turnover		 49.11 49.22 48.38 49.08 50.31 51.33 53.57 56.40 56.82 57.78 58.93
Accounts Payable Turnover		 9.10 9.43 9.82 7.54 8.14 8.09 9.51 7.62 7.74 7.31 7.01
Days Sales Outstanding (DSO)		 78.03 77.92 76.12 78.84 76.72 79.34 71.91 77.93 76.19 80.01 79.81
Days Inventory Outstanding (DIO)		 27.26 25.97 26.24 24.13 20.58 17.53 21.48 20.85 19.35 18.66 26.89
Days Payable Outstanding (DPO)		 40.11 38.73 37.18 48.38 44.84 45.09 38.36 47.93 47.16 49.93 52.06
Cash Conversion Cycle (CCC)		 65.19 65.17 65.18 54.58 52.46 51.78 55.03 50.85 48.39 48.74 54.65
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 533 544 501 489 468 468 537 539 504 503 510
Invested Capital Turnover		 4.92 4.80 4.82 5.29 5.57 5.54 5.54 5.63 5.92 5.91 5.53
Increase / (Decrease) in Invested Capital		 -107 -100 -141 -65 -65 -75 36 50 35 35 -26
Enterprise Value (EV)		 1,108 1,458 1,381 1,304 1,554 1,378 1,293 1,325 1,175 1,047 1,062
Market Capitalization		 1,393 1,755 1,733 1,690 1,983 1,821 1,633 1,671 1,574 1,454 1,473
Book Value per Share		 $31.20 $32.00 $32.35 $33.19 $34.13 $34.65 $33.52 $34.84 $35.56 $36.05 $36.58
Tangible Book Value per Share		 $28.25 $29.07 $29.44 $30.29 $31.23 $31.77 $30.64 $31.88 $32.61 $33.10 $33.63
Total Capital		 823 841 853 875 897 911 877 885 903 910 922
Total Debt		 3.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 3.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -286 -297 -352 -386 -429 -443 -340 -346 -399 -407 -411
Capital Expenditures (CapEx)		 2.50 2.24 1.61 1.82 1.79 2.36 1.71 1.62 1.87 2.19 1.98
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 411 423 382 373 355 353 422 425 391 394 402
Debt-free Net Working Capital (DFNWC)		 701 721 734 759 784 796 763 771 790 800 813
Net Working Capital (NWC)		 701 721 734 759 784 796 763 771 790 800 813
Net Nonoperating Expense (NNE)		 -1.98 -3.05 -3.33 -3.42 -4.84 -3.54 -2.90 -2.34 -2.69 -2.72 -2.46
Net Nonoperating Obligations (NNO)		 -286 -297 -352 -386 -429 -443 -340 -346 -399 -407 -411
Total Depreciation and Amortization (D&A)		 3.29 1.68 0.94 0.00 4.47 3.33 3.05 1.24 2.95 5.03 1.91
Debt-free, Cash-free Net Working Capital to Revenue		 14.25% 14.86% 13.85% 13.53% 12.73% 12.60% 14.71% 14.67% 13.58% 13.71% 13.89%
Debt-free Net Working Capital to Revenue		 24.28% 25.28% 26.62% 27.51% 28.11% 28.39% 26.56% 26.63% 27.44% 27.86% 28.11%
Net Working Capital to Revenue		 24.28% 25.28% 26.62% 27.51% 28.11% 28.39% 26.56% 26.63% 27.44% 27.86% 28.11%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.97 $0.91 $0.50 $0.99 $1.03 $0.79 $0.52 $0.98 $0.98 $0.80 $0.68
Adjusted Weighted Average Basic Shares Outstanding		 26.26M 26.29M 26.36M 26.35M 26.29M 26.32M 26.08M 25.41M 25.35M 25.51M 25.20M
Adjusted Diluted Earnings per Share		 $0.97 $0.89 $0.50 $0.99 $1.02 $0.78 $0.51 $0.97 $0.97 $0.82 $0.68
Adjusted Weighted Average Diluted Shares Outstanding		 26.43M 26.43M 26.53M 26.52M 26.50M 26.51M 26.22M 25.52M 25.49M 25.63M 25.28M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 26.27M 26.36M 26.36M 26.29M 26.29M 26.16M 25.40M 25.39M 25.25M 25.20M 25.23M
Normalized Net Operating Profit after Tax (NOPAT)		 24 21 9.82 23 22 17 11 22 22 18 15
Normalized NOPAT Margin		 3.41% 2.98% 1.55% 3.13% 3.07% 2.42% 1.51% 2.96% 3.11% 2.56% 2.05%
Pre Tax Income Margin		 5.01% 4.60% 2.85% 4.83% 5.05% 3.85% 2.64% 4.49% 4.79% 3.86% 3.27%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 19.48% 10.10% 10.87% 10.68% 11.10% 12.09% 13.50% 15.08% 16.89% 18.27% 18.78%
Augmented Payout Ratio		 26.36% 16.57% 13.49% 14.76% 19.67% 26.30% 77.47% 95.53% 100.70% 109.37% 58.81%

Financials Breakdown Chart

Key Financial Trends

  • Gross margin expansion: CNXN’s gross margin improved from about 17.0% in 2022 Q4 to roughly 19.3% in 2025 Q4, as gross profit rose from about $124.3M on $732.5M revenue (2022 Q4) to $135.6M on $702.9M revenue (2025 Q4).
  • Operating cash flow strength: Net cash from continuing operating activities rose from about $12.3M (2022 Q4) to about $27.4M (2025 Q4), indicating stronger cash generation and liquidity.
  • Solid liquidity: Cash and equivalents run around the high $180M range (about $187.8M as of 2025 Q3), signaling ample liquidity to fund operations and modest capex.
  • Dividend stability: Quarterly cash dividends per share remained at $0.15 in 2025, providing a steady income stream for shareholders.
  • Strong balance sheet base: As of mid-2025, Total Assets were near $1.31B and Total Equity around $903M, indicating a robust capital base to support operations and growth.
  • Modest capex level: Capital expenditures remain modest, with PPE purchases typically around $1.8–$2.2M per quarter (e.g., about $2.19M in 2025 Q4), signaling ongoing but controlled reinvestment.
  • Working capital dynamics: Accounts receivable and inventories trended higher through the period (AR around $616–$638M and inventories around $135–$151M in 2025), suggesting higher working capital requirements.
  • Net income stability concerns: Net income margins stayed modest (roughly 3% recently), with some volatility year to year (e.g., around $20.7M on ~$703M revenue in 2025 Q4 vs higher peaks in 2023), indicating limited earnings upside in the near term.
05/09/26 07:13 AM ETAI Generated. May Contain Errors.

PC Connection Financials - Frequently Asked Questions

According to the most recent income statement we have on file, PC Connection's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

PC Connection's net income appears to be on an upward trend, with a most recent value of $83.72 million in 2025, rising from $46.83 million in 2015. The previous period was $87.10 million in 2024. Check out PC Connection's forecast to explore projected trends and price targets.

PC Connection's total operating income in 2025 was $99.28 million, based on the following breakdown:
  • Total Gross Profit: $539.33 million
  • Total Operating Expenses: $440.05 million

Over the last 10 years, PC Connection's total revenue changed from $2.57 billion in 2015 to $2.87 billion in 2025, a change of 11.6%.

PC Connection's total liabilities were at $440.80 million at the end of 2025, a 13.5% increase from 2024, and a 78.7% increase since 2015.

In the past 10 years, PC Connection's cash and equivalents has ranged from $0.00 in 2017 to $193.22 million in 2025, and is currently $193.22 million as of their latest financial filing in 2025.

Over the last 10 years, PC Connection's book value per share changed from 14.84 in 2015 to 36.05 in 2025, a change of 142.9%.


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Financial statements for NASDAQ:CNXN last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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